What is the difference between homeowner's insurance& a warranty?

Answer Homeowner's insurance and home warranties provide peace of mind if there is damage, a loss or a major repair needed on the home. Mortgage companies require homeowner's insurance, while a home warra... Read More »

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What is the difference between hazard insurance and homeowners insurance?

Depending on the source, the terms hazard insurance and homeowner's insurance mean the same thing or describe two very different products. Both mortgage and insurance companies use both terms, but ... Read More »

What is the difference between a Condominium Homeowners Association and a Townhouse or Plan Unit Development Homeowners Association?

A condo or townhouse Homeowners' Association (HOA) governs a group of condos, wherein the association is responsible for the maintenance of the outside of the building(s), landscaping, and utilitie... Read More »

What are the differences between homeowners and renters insurance?

A homeowner can insure the property and owned contents. A renter does not own the home so they can only insure their own contents. Liability coverage can be purchased on either policy type.

What is difference between home owners insurance and rental property insurance?

Other than home owners insurance covering your primary residence where you live and rental property insurance covering a home that you rent to others there are a few differences in types of coverag... Read More »